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US exporters more likely to misdeclare dangerous cargo says NCB

In a recent survey of US export containers the National Cargo Bureau (NCB) found that 38% of containers had misdeclared cargo, according to a White Paper released by the group on 6 July.

According to the NCB inspections of container cargoes have shown a “high degree of non-compliance,” for containers with declared dangerous goods including a high incidence of poor stowage and securing within containers.

“Last year, NCB conducted 32,387 DG container (dry and tank) inspections in the USA and found...

https://container-news.com/us-exporters-more-likely-to-misdeclare-dangerous-cargo-says-ncb/

COSCO to develop blockchain solutions with Alibaba group

China COSCO Shipping Corporation has signed a collaboration agreement with compatriot e-commerce giant Alibaba and the latter’s fintech affiliate, Ant Financial Services Group (formerly Alipay), pledging to work together to develop blockchain shipping logistics solutions.

Ant is known for its e-wallet solution Alipay, which is widely used in retail outlets globally.

Under the agreement, China COSCO and Ant will jointly research and promote blockchain shipping logistics solutions in China, using...

https://container-news.com/cosco-to-develop-blockchain-solutions-with-alibaba-group/

Gothenburg to fire its new transhipment terminal

A completely new transhipment terminal, located between the Port of Gothenburg’s container and ro-ro terminals, is emerging, according to an announcement by the major Swedish port.

The facility, named the Svea Terminal, will receive incoming forest products by rail from Swedish mills and then transfer the products to containers for onward transport to various parts of the world. Volumes equivalent to 60,000-100,000TEU will be handled at the terminal each year.

Svea Terminal will offer 45,000m2 of...

https://container-news.com/gothenburg-to-fire-its-new-transhipment-terminal/

Seoul mandates comprehensive freight disclosures

South Korea’s Ministry of Oceans and Fisheries (MOF) has acted to improve the transparency of container freight charges so that shippers will be better informed of the prices offered by liner operators, across a broad selection of routes.

From 1 July 2020 lines must disclose the full amount that shippers have to pay for a wide range of services. On 21 February, the government amended the Korean Shipping Act to prevent unfair trading and to improve the disclosure of freight charges.

Prior to this...

https://container-news.com/seoul-mandates-comprehensive-freight-disclosures/

DCSA accelerates shipping digitalisation with new OVS exchange standards

Digital Container Shipping Association (DCSA), a neutral, non-profit group established to further the digitalisation of container shipping technology, has published standards for the exchange of operational vessel schedules (OVS).

DCSA, which is composed of nine shipping lines, said that the standards can be implemented by vessel operators, as well as their vessel sharing agreement (VSA) partners and operational service providers, to enable automatic sharing of schedule information.

With the new...

https://container-news.com/dcsa-accelerates-shipping-digitalisation-with-new-ovs-exchange-standards/

China’s securities watchdog punishes Antong bosses

Guo Dongze and Guo Dongsheng, majority shareholders of Chinese domestic container operator Antong Holdings, and other senior staff have been penalised by the China Securities Regulatory Commission (CSRC) for failing to disclose lawsuits against the company.

Antong Holdings stated in a filing to the Shanghai Stock Exchange on 4 July that CSRC’s investigations showed that from February 2017 to March 2019, the Guo brothers provided unauthorised guarantees amounting to CNY633.36 million (US$90.15...

https://container-news.com/chinas-securities-watchdog-punishes-antong-bosses/

Maersk acquires European customs and trade solutions provider

Maersk has reached an agreement with Bridgepoint Development Capital, a dedicated team that focuses on buyouts and capital investments, to acquire KGH Customs Services (KGH), a Swedish specialist in trade and customs management services in Europe.

The Danish shipping company will acquire KGH for a consideration of SEK2.6 billion (US$279 million) on a cash and debt free basis equivalent to a multiple of 16.3x 2019 EBITDA before synergies, excluding an earn-out component contingent on future...

https://container-news.com/maersk-acquires-european-customs-and-trade-solutions-provider/

The growing threat that lurks below the waterline

Dr Markus Hoffmann, Technical Director – I-Tech AB, hull survey shows need, for fouling prevention. The company believes that with the high level of idle container ships there will be severe hard fouling on the stationary vessels and those cleaning costs could be eye watering.

As the public health measures to contain the devastating impact of Covid-19 placed four billion people on lockdown, the commercial effects on the container shipping industry have been immense.

According to Alphaliner, the...

https://container-news.com/the-growing-threat-that-lurks-below-the-waterline/

Foolhardy forecasts and trading places

Even as some 21 states postpone the roll back on plans to ease their lockdown regimes and the International Maritime Fund (IMF) has revised its global economic projections downwards, patchy demand in the United States is being seen as a sign of recovery.

A surge in demand for container space is temporary according to consultant Jon Monroe, and a similar message has come from three leading economic thinktanks who have warned that international collaboration is essential if a strong global...

https://container-news.com/foolhardy-forecasts-and-trading-places/

COSCO unit launches Jinzhou-Hainan service

COSCO Shipping Lines and its intra-Asia unit, Shanghai Pan Asia Shipping, have launched a service connecting Jinzhou port in China’s north-eastern Liaoning province, to Yangpu port on Hainan island.

The service began on 23 June, with the 5,089TEU Tian Long He departing Jinzhou New Age Container Terminal, calling at Qinzhou port in Beibu Gulf, and then arriving in Yangpu’s Xiaochantan Port on 3 July.

The new service is part of a wider plan to develop the Hainan Free Trade Port and was launched...

https://container-news.com/cosco-unit-launches-jinzhou-hainan-service/

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